Break Out potential LONG. Let's see how this plays out.
Mar 43 CALL in Play. Entry on Trend Line Break and Move thru Horizontal Flat Line @ $42.50 1st Target $43.80 2nd Target if momentum hold is just under $45.00
Needs a HH and a HL to change the Trend... Momentum is still to move Lower and Break the 7.00 level...
GO long... Aggressive Entry on break up thru 45 level. More Conservative Entry break up thru 45.20.
Liking the Break Out setting up Aggressive Entry Break Up thru a Major Level 45 and a more conservative entry on a break above 45.20 and the top line of the formation
The set up was designed to show the coil within the formation expected a pop up to the upside and also had concerns if a push to the 200 level fails that the price action could turn Negative and approach Bearish Targets. The Price action needs to break the thin red break down line drawn to approach my "Danger Will Robinson Danger" Line where a bigger move to the...